Taiwanese Consumer Services Defensive Blue Chips

Abu Dhabi National Energy Company PJSC

Market Cap: د.إ378.9b

Operates as an integrated utility company in the United Arab Emirates, North America, Europe, Africa, and internationally.

Econet Wireless Zimbabwe

Market Cap: US$13.3b

Through its subsidiaries, primarily provides mobile telecommunications and related overlay services in Zimbabwe.

CVS Health

Market Cap: US$102.3b

Provides health solutions in the United States.

AIA Group

Market Cap: HK$791.2b

Provides life insurance based financial services in Hong Kong.

Tokyo Electron

Market Cap: JP¥15.7t

Develops, manufactures, and sells semiconductor production equipment in Japan, South Korea, Taiwan, China, North America, Europe, and internationally.

Zurich Insurance Group

Market Cap: CHF 80.9b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

McKesson

Market Cap: US$100.5b

Provides healthcare services in the United States and internationally.

State Bank of India

Market Cap: ₹8.6t

Provides banking products and services in India and internationally.

Postal Savings Bank of China

Market Cap: HK$738.6b

Provides various banking products and services for retail and corporate customers in the People’s Republic of China.

AXA

Market Cap: €82.1b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

Semiconductor Manufacturing International

Market Cap: HK$721.4b

An investment holding company, engages in the manufacture, testing, and sale of integrated circuits wafer and various compound semiconductors in the United States, China, and Eurasia.

Bank of Montreal

Market Cap: CA$125.9b

Engages in the provision of diversified financial services primarily in North America.

Marsh & McLennan Companies

Market Cap: US$88.2b

A professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide.

National Australia Bank

Market Cap: AU$133.3b

Provides financial services to individuals and businesses in Australia, New Zealand, Europe, Asia, the United States, and internationally.

Westpac Banking

Market Cap: AU$132.3b

Provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe.

BNP Paribas

Market Cap: €74.1b

Provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Bank of Communications

Market Cap: HK$660.2b

Provides commercial banking products and services in China and internationally.

NTT

Market Cap: JP¥13.1t

Operates as a telecommunications company in Japan and internationally.

Mizuho Financial Group

Market Cap: JP¥12.8t

Engages in banking, trust banking, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

China Telecom

Market Cap: HK$643.4b

Provides mobile communications, wireline and satellite communications, internet access, cloud computing and computing power, AI, big data, quantum, ICT integration in the People’s Republic of China.

Cambricon Technologies

Market Cap: CN¥579.8b

Research, develops, design, and sells core chips in cloud server, edge computing, and terminal equipment in China.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €70.5b

Engages in the insurance and reinsurance businesses worldwide.

Bank of Nova Scotia

Market Cap: CA$113.1b

Provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.

CRH

Market Cap: US$79.4b

Provides building materials solutions in Ireland, the United States, the United Kingdom, rest of Europe, and internationally.

Nu Holdings

Market Cap: US$77.8b

Provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.

Marvell Technology

Market Cap: US$77.7b

Provides data infrastructure semiconductor solutions, spanning the data center core to network edge.

Canadian Imperial Bank of Commerce

Market Cap: CA$107.2b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

National Grid

Market Cap: UK£57.2b

Engages in the transmission and distribution of electricity and gas.

Hygon Information Technology

Market Cap: CN¥532.1b

Engages in the research and development of computing chip products and systems in China.

ING Groep

Market Cap: €64.6b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

Nongfu Spring

Market Cap: HK$580.3b

Produces and sells packaged drinking water and beverage products primarily in Mainland China.

Barclays

Market Cap: UK£56.3b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

CaixaBank

Market Cap: €63.9b

Provides various banking products and financial services in Spain and internationally.

U.S. Bancorp

Market Cap: US$72.6b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

Elevance Health

Market Cap: US$71.5b

Operates as a health benefits company in the United States.

ANZ Group Holdings

Market Cap: AU$109.2b

Provides various banking and financial products and services to retail, individuals and business customers in Australia and internationally.